AE Wealth Management LLC increased its stake in Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 9.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,263 shares of the technology company’s stock after purchasing an additional 9,831 shares during the quarter. AE Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $1,741,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arlington Partners LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $26,000. New Hampshire Trust purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $28,000. Independence Bank of Kentucky purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $32,000. Romano Brothers AND Company purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $32,000. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 3,779.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,095 shares of the technology company’s stock worth $33,000 after acquiring an additional 2,041 shares during the last quarter. Hedge funds and other institutional investors own 81.69% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on HPE. Barclays lowered their target price on shares of Hewlett Packard Enterprise from $18.00 to $16.00 in a research note on Wednesday, May 31st. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 29th. They issued a “neutral” rating and a $18.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hewlett Packard Enterprise from $16.00 to $15.00 in a report on Wednesday, May 31st. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a report on Monday, March 20th. They issued a “neutral” rating and a $15.00 target price on the stock. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $16.73.
Insider Buying and Selling
In related news, SVP Kirt P. Karros sold 33,417 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $16.00, for a total transaction of $534,672.00. Following the completion of the transaction, the senior vice president now owns 9,776 shares in the company, valued at approximately $156,416. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 33,417 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $16.00, for a total transaction of $534,672.00. Following the transaction, the senior vice president now owns 9,776 shares in the company, valued at approximately $156,416. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F. Schultz sold 226,078 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $16.01, for a total transaction of $3,619,508.78. Following the transaction, the executive vice president now owns 224,491 shares in the company, valued at approximately $3,594,100.91. The disclosure for this sale can be found here. Insiders sold a total of 433,504 shares of company stock worth $6,954,746 in the last 90 days. 0.53% of the stock is owned by corporate insiders.
Hewlett Packard Enterprise Price Performance
Shares of HPE opened at $16.71 on Tuesday. The company has a 50 day moving average price of $15.27 and a 200-day moving average price of $15.56. Hewlett Packard Enterprise has a fifty-two week low of $11.90 and a fifty-two week high of $17.74. The stock has a market capitalization of $21.58 billion, a PE ratio of 21.42, a PEG ratio of 2.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.87.
Hewlett Packard Enterprise (NYSE:HPE – Free Report) last announced its quarterly earnings results on Tuesday, May 30th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Hewlett Packard Enterprise had a net margin of 3.46% and a return on equity of 5.05%. The firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $7.30 billion. During the same quarter in the prior year, the company earned $0.19 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Equities analysts predict that Hewlett Packard Enterprise will post 1.36 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be given a $0.12 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.87%. Hewlett Packard Enterprise’s payout ratio is presently 61.54%.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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